Morning all.
Ftse seems to be following the script at the moment, as outlined
on Sunday using the Macd and the 20 and 40 Ma's.
All seems a bit too pat to me, especially with low volumes.
Nothing is this easy and predictable.
NDX also went up and reversed just shy off the last high.
It's as if everything is being orchestrated.
Anyway, what I would like to see is the FTSE drop to around
4450/4460 to close the gap open on Monday and then power
back up above 4500 before making a swing high and the 20Ma
crosses up over the 40Ma.
Doubt I'll get my wish though.
With low volumes like this and the US shut tomorrow, I would
expect tomorrows trading to be actioned today and the volumes
tomorrow to be pityful.
Melnibone.